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Vlad [161]
3 years ago
13

Brian and sandy are forming a partnership. brian will invest a truck with a book value of $10,000 and a fair value of $14,000. s

andy will invest a building with a book value of $30,000 and a fair value of $42,000 with a mortgage of $15,000. what amount should be recorded in sandy's capital account? $27,000 $30,000 $42,000 $14,000
Business
1 answer:
ycow [4]3 years ago
3 0
The amount that should be recorded in Sandy's capital account is $42,000.
Accounting regulations require us to record assets according to the Fair value (in this case, the Building's fair value is $42,000).
This requirement is placed so the portfolio reflected the Asset's true economic value after considering the situation in the market. (if the situation in the market changed, the accountant could creat adjustment in the Asset's value)

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Suppose the U.S. yield curve is flat at 3% and the euro yield curve is flat at 5%. The current exchange rate is $1.4 per euro. W
Kruka [31]

Answer: hello your question is incomplete attached below is the complete question.

answer :

3.02 million,    2.96 million,    2.91 million

Explanation:

<u>Determine the swap rate over a 3-year period</u>

swap rate = forward exchange rate * exchange amount

For year 1

1.4 * ( 1 + 0.03 / 1 + 0.05 ) * 2.2 million

= 1.4 ( 0.98095 ) * 2.2

= 3.02 million

For year 2

1.4 * ( 1 + 0.03 / 1 + 0.05 )^2 * 2..2 million

= 1.4 ( 0.98095 )^2 * 2.2 million

= 2.96378 million

For year 3

1.4 * ( 1 + 0.03 / 1 + 0.05 )^3 * 2.2 million

= 1.4 ( 0.98095 )^3 * 2.2 million

= 2.90733 million  

3 0
2 years ago
A company pays down the account's payable account with $2000 cash. What effect does this transaction have on the asset account?
N76 [4]

Answer:

the right is answer is B.

Explanation:

The account decreases because when you take money you are making a debit action which produces this effect of decrease in the asset.

3 0
2 years ago
According to Robert Merton, ____________________ occurs when individuals feel social and psychological strain due to a lack of a
ivanzaharov [21]

According to Robert Merton, Anomie occurs when individuals feel social and psychological strain due to a lack of acceptable means for achieving success.

Explanation:

The American sociologist named Robert King Merton. He worked most of his profession at Columbia University where he graduated as a professor of the University.

Anomie is "the state that society gives persons no moral guidance" .

Conflicts between values and social linkages between an individual and the group will contribute to anomia.

Goals can become so relevant that illegal means can be used if the institutionalised means — that is to say, appropriate in compliance to social standards — collapsed. Stronger emphasis on results than means produces a tension that leads to a deterioration of the regulatory structure–that is to say, anomie.

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The price of the stock 19 years from now would be the present value of all the dividends to be paid starting year 20. Here, to compute the PV of the dividends, we can use the PV of perpetuity formula as the dividends will be paid for the infinite period of time.

Value of the stock after 19 years = Dividend year 20/ required return

= $20 / 0.0725

= $275.86

7 0
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